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9 MONTHS: ADM SALES UNCHANGED, NET INCOME UP 10%
Source: Archer Daniels Midland news release

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Archer Daniels Midland Company (NYSE: ADM) today reported financial results for the quarter ended Sept. 30, 2013. The company reported adjusted earnings per share1 of $0.46, down from $0.53 in the same period last year.

Net earnings for the quarter were $476 million, or $0.72 per share, up from $0.28 per share in the same period one year earlier. Segment operating profit was $606 million, down six percent when excluding an impairment charge from the year-ago quarter.

"The team delivered solid operating results overall, despite the lingering effects of the 2012 U.S. drought," said ADM Chairman and CEO Patricia Woertz. "Oilseeds performed well, particularly in North and South America; Corn benefitted from improved ethanol margins; and Ag Services managed effectively through the transition to new crop.

"Looking forward, as record global crop supplies refill the pipeline, we will employ our efficient network to meet strong demand from customers around the world."


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